Rajratan Global Wire Ltd has received an approval under Production Linked Scheme (PLI) from Government of India for Specialty Steel (Tyre Bead Wire).
As per the filing, the incentive is based on incremental production. The incentive would be payable on incremental production over the base year production as defined in the PLI Scheme.
Notably, the incentive is subject to terms and conditions as approved by the Government of India from time to time, the company informed in a regulatory filing.
At around 1:08 PM, Rajratan Global Wire was trading at Rs807.45 per share lower by 3.58% on the BSE.
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